Multifamily Construction Boom: 63,000 Units Permitted in Texas
AUSTIN – More than 63,000 multifamily units were permitted in Texas last year and the apartment building binge is continuing to run fast in 2015,...
Category : Multi-Family
Trammell Crow Residential Buys Apartment Site Near Galleria
HOUSTON – Apartment developer Trammell Crow Residential has purchased land in the Lakes on Post Oak development just south of The Galleria in Houston. HFF...
Hanover Building 375 Units in Buckhead
ATLANTA – Houston-based Hanover Co. is developing a 375-unit multifamily project in the Buckhead district of Atlanta. The 335,000-square-foot project, to be located on Buckhead...
ComCapp Buys Apartment Complex Near University of Houston
HOUSTON — Commerce Capital Partners, a San Antonio-based firm also known as ComCapp, has purchased Cityside Crossing, a 360-unit multi-housing community in southeast Houston, near...
Hines Sells Its New Apartment Project in Florida
ST. PETERSBURG, Fla. – Hines, the Houston-based real estate firm, has sold its 308-unit Azure garden-style multi-housing property in St. Petersburg to Passco Real Estate...
CBRE: Houston Apartment Rents at All-Time High, While National Assn. of Realtors Says Rising Rents Unsustainable
HOUSTON – Multifamily rental rates hit an all-time high in Houston in 2014 according to CBRE. Rents were up 8.1 percent in 2014 over the...
50 Proposed Multifamily Projects Killed or Postponed in Houston in Wake of Oil Crash
HOUSTON – Developers have shelved plans to build some 50 multifamily projects in Houston, where a sharp drop in oil prices has dampened the local...
Novare Breaks Ground on 24-Story Apartment Tower on Main Street in Downtown Houston
HOUSTON – Novare Group announced it has broken ground on SkyHouse residential high-rise project on Main Street in downtown Houston. The 24-story building will be...
Transwestern Breaks Ground on Multifamily in Arizona
TEMPE, Ariz., — Transwestern Development Co. has broken ground on VELA at Town Lake, a 290-unit luxury apartment community in Tempe, Ariz. Transwestern Development Co. purchased...
Camden Starts Multifamily Project in Houston’s Midtown
HOUSTON – Camden Property Trust, a Houston-based REIT led by Ric Campo, has started construction on Camden McGowen in Houston’s Midtown area. The $90 million...